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25 Robert Drive, Easton, Ma...

Atlantic Capital Partners Acquires Retail Property In Easton, MA For $25.5M
SOLDRetail

Atlantic Capital Partners Acquires Retail Property In Easton, MA For $25.5M

25 Robert Drive, Easton, Massachusetts 02375, United States

$25,500,000

$225/SF

Building Size

112,869 SF

Asset Type

Retail

Closing

Dec 17, 2021

AI

A retail property located at 25 Robert Dr in Easton, MA has been sold in a recent transaction. The property, spanning 112,869 square feet, was acquired by Phillips Edison & Company for a total sale price of $25,500,000. The purchase price per square foot came out to be $226.

Summary of transaction details

  • Property Type: Retail
  • Transaction Amount: $25,500,000

The brokerage team of Chris Peterson, Sam Koonce, Molly Lynch, Ben Starr, and Justin Smith from Atlantic Capital Partners represented Phillips Edison & Company in this deal.

Players

Justin Smith

Atlantic Retail

Broker

$627.5M

vol

31 deals

Broker
Phillips Edison & Company
Phillips Edison & CompanySeller

South Easton Retail Market Snapshot

Boundary boundary · Retail · Sale transactions

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

0.62%

Cash-on-Cash

-0.18%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93